Quote:
Originally Posted by Guest
A constitutional amendment to balance the budget would never pass. We are borrowing about 40 percent of what we spend, so we would need to cut spending by 40 percent. In fact, I don't think any constitutional amendment could pass. The country is too polarized.
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That's what happens when you diversify...you lose your country. We're nothing but a bunch of squabbling minorities.
We spend $600,000,000,000 a year on interest alone. That's MORE than the yearly income for ANY corporation on the entire planet. WalMart makes less than $500 billion a year. Just think ALL the money WM makes is still WELL below what this country pays in interest alone.
We're doomed. Interest rates are kept artificially low so we can make the minimum payments. We KEEP borrowing...not only to keep the government functioning but to pay off maturing debt. Most just gets rolled over into another bond at at criminally low rate. We'll NEVER pay off $20 trillion...never...it's over $60,000 per man woman and child.
Plus...we have that latin population explosion with hispanics becoming the majority and gaining ALL political power within 30 years.
Your grandchildren will curse you.